MFDA for stronger supervisory structure

The Mutual Fund Dealers Association of Canada (MFDA) has advised fund dealers to take more stringent supervisory measures to determine suitability of investments as they relate to seniors, sale of exempt securities, and use of leverage. Read: MFDA revises rep’s terms of settlement In a bulletin detailing its regulatory priorities, the SRO recommends dealers “assess […]

By Staff | April 3, 2013 | Last updated on April 3, 2013

1 min read

Read: MFDA revises rep’s terms of settlement

In a bulletin detailing its regulatory priorities, the SRO recommends dealers “assess their supervisory structure, risk management practices and policies and procedures” ensure adequate internal controls.

Read: MFDA updates compliance and supervision guidelines

There’s specific focus on the need for firm’s to have in place as policies and procedures that enable handling of issues related to, but not limited to, exempt securities, trade and supervisory inquiries, leveraging, blank-signed forms, and seniors citizens.